Changes to 2006 Form

Update to the 2006 100 Corporation Tax Booklet

The revised Internet version is available for download as of 03/03/2008

Revision Details: The 100 booklet asks taxpayer’s to attach the incorrect form FTB 3805Q to the return. The 100 booklet instructions asks taxpayer’s to use the incorrect years NOL carryover deduction from form FTB 3805Q. Similar revisions were made to the 2005 – 2007 100 booklet instructions

Page 12 of the booklet ,column 3, paragraph 6 and 9, and page 60 of the Package X

Previously read:

2006
Revision 3 - If this line is a net loss, complete and attach the 2005 form FTB 3805Q to Form 100.
Revision 4 - If line 19 is a positive amount, enter the NOL carryover deduction from the 2005 form FTB 3805Q,...

Revised to:

2006
Revision 3- If this line is a net loss, complete and attach the 2006 form FTB 3805Q to Form 100.
Revision 4 - If line 19 is a positive amount, enter the NOL carryover deduction from the 2006 form FTB 3805Q,...

Taxpayer’s that use the prior year 3805Q information, would lower their taxes due to using NOL carryover deduction, which might not be available in the current year.